Kin2B: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Kin2B
Largest movements
- Tangible fixed assets +€268,008
up €268,008 (+126%), from €212,630 to €480,638
of which Land and buildings: +€261,218
- Cash -€54,471
down €54,471 (-65.8%), from €82,747 to €28,275
mainly Investment in fixed assets (net) (-€287,816) and Contributions, distributions and other (-€64,871)
- Deferred charges and accrued income -€12,198
down €12,198 (-56.4%), from €21,619 to €9,421
- Intangible fixed assets -€6,000
down €6,000 (-33.3%), from €18,000 to €12,000
- Debts after one year +€193,033
up €193,033 (+119%), from €161,797 to €354,830
of which Other amounts payable: +€204,100
- Other debts +€55,362
up €55,362 (+69.5%), from €79,665 to €135,027
- Profit (loss) carried forward -€42,909
down €42,909 (-100%), from €42,909 to €0
- Current portion of long-term debt -€7,643
down €7,643 (-40.9%), from €18,710 to €11,067
- Gross operating margin -€24,260
down €24,260 (-26.8%), from €90,381 to €66,121
- Depreciation -€10,842
down €10,842 (-29.6%), from €36,650 to €25,807
- Taxes -€3,396
down €3,396 (-31.5%), from €10,771 to €7,375
- Financial charges +€2,420
up €2,420 (+38.5%), from €6,281 to €8,702
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,996 | €533,080 | +€198,085 | +59.1% |
| Fixed assets | 21/28 | €230,630 | €492,638 | +€262,008 | +114% |
| Intangible fixed assets | 21 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Tangible fixed assets | 22/27 | €212,630 | €480,638 | +€268,008 | +126% |
| Land and buildings | 22 | €193,449 | €454,667 | +€261,218 | +135% |
| Plant, machinery and equipment | 23 | €2,672 | €3,275 | +€603 | +22.6% |
| Furniture and vehicles | 24 | €8,886 | €6,415 | -€2,472 | -27.8% |
| Other tangible fixed assets | 26 | €7,622 | €16,281 | +€8,659 | +114% |
| Current assets | 29/58 | €104,366 | €40,442 | -€63,924 | -61.2% |
| Amounts receivable within one year | 40/41 | €0 | €2,746 | +€2,746 | |
| Other amounts receivable | 41 | €0 | €2,746 | +€2,746 | |
| Cash at bank and in hand | 54/58 | €82,747 | €28,275 | -€54,471 | -65.8% |
| Deferred charges and accrued income | 490/1 | €21,619 | €9,421 | -€12,198 | -56.4% |
| Total equity and liabilities | 10/49 | €334,996 | €533,080 | +€198,085 | +59.1% |
| Equity | 10/15 | €62,017 | €19,108 | -€42,909 | -69.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €508 | €508 | = | 0.0% |
| Non-distributable reserves | 130/1 | €508 | €508 | = | 0.0% |
| Reserves not available under the articles | 1311 | €508 | €508 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,909 | €0 | -€42,909 | -100% |
| Amounts payable | 17/49 | €272,979 | €513,972 | +€240,993 | +88.3% |
| Amounts payable after more than one year | 17 | €161,797 | €354,830 | +€193,033 | +119% |
| Financial debts | 170/4 | €161,797 | €150,730 | -€11,067 | -6.8% |
| Other amounts payable | 178/9 | - | €204,100 | +€204,100 | |
| Amounts payable within one year | 42/48 | €110,023 | €157,903 | +€47,880 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €18,710 | €11,067 | -€7,643 | -40.9% |
| Trade debts | 44 | €0 | €553 | +€553 | |
| Suppliers | 440/4 | €0 | €553 | +€553 | |
| Taxes, remuneration and social security | 45 | €11,647 | €11,256 | -€391 | -3.4% |
| Taxes | 450/3 | €11,647 | €11,256 | -€391 | -3.4% |
| Other amounts payable | 47/48 | €79,665 | €135,027 | +€55,362 | +69.5% |
| Accrued charges and deferred income | 492/3 | €1,159 | €1,239 | +€80 | +6.9% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,650 | €25,807 | -€10,842 | -29.6% |
| Other operating charges | 640/8 | €2,692 | €2,675 | -€17 | -0.6% |
| Non-recurring operating charges | 66A | €1,750 | - | -€1,750 | |
| Gross operating margin | 9900 | €90,381 | €66,121 | -€24,260 | -26.8% |
| Operating profit (loss) | 9901 | €49,289 | €37,638 | -€11,651 | -23.6% |
| Financial income | 75/76B | €315 | €401 | +€86 | +27.3% |
| Recurring financial income | 75 | €315 | €401 | +€86 | +27.3% |
| Financial charges | 65/66B | €6,281 | €8,702 | +€2,420 | +38.5% |
| Recurring financial charges | 65 | €6,281 | €8,702 | +€2,420 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €43,323 | €29,337 | -€13,985 | -32.3% |
| Income taxes | 67/77 | €10,771 | €7,375 | -€3,396 | -31.5% |
| Profit (loss) for the period | 9904 | €32,552 | €21,963 | -€10,589 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,552 | €21,963 | -€10,589 | -32.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.